Tag: Reserve Bank of India
Concerns over slowing economic expansion in second half of fiscal led to 25 bps rate cut: RBI MPC minutes
Kolkata: Concerns over slowing economic expansion in the second half of the fiscal prompted Reserve Bank of India‘s monetary policy committee members to vote for…
External uncertainties pose risks to growth, speedy conclusion of trade talks present upside potential: RBI MPC minutes
The Reserve Bank of India said in the minutes of its Monetary Policy Committee meeting that a swift conclusion to trade negotiations could lend support…
Rupee strengthens to under 90/dollar after nearly a week after RBI steps in| Business News
The Indian Rupee strengthened to under 90/Dollar for the first time in nearly a week, on likely interventions by the Reserve Bank of India in…
To worry or not? Rupee at 90 debate deepens as PM’s Economic Advisory Council member plays it down
Economic Advisory Council to the Prime Minister member Sanjeev Sanyal on Thursday said he is “not concerned about the rupee at all,” arguing that exchange…
INR USD | Rupee roars back on RBI support to rise the most in seven months
The Indian rupee strengthened the most in seven months on Wednesday after the Reserve Bank of India aggressively sold dollars to support the currency. Stocks…
HDFC Bank gets RBI nod for raising stake in IndusInd Bank up to 9.5 pc| Business News
HDFC Bank has got the Reserve Bank’s nod to hike its stakes in another private sector lender, IndusInd Bank, up to 9.5 per cent. The…
RBI data show rosy picture of poll-bound Tamil Nadu, reveal Karnataka’s gaps
Tamil Nadu has emerged a clear winner among the five southern states across several people-facing parameters that influence the livelihood and quality of life, such…
Andhra tops fruit, fish output; posts steady growth: RBI report
Andhra Pradesh has secured top positions across several sectors, including agriculture and fisheries, reflecting the state’s steady economic and social progress, according to a recent…
SBI reduces lending rates by up to 25 bps to pass on RBI rate cut benefits| Business News
State Bank of India has reduced its lending rate by up to 25 basis points to pass on to customers the benefit of the RBI…
Stablecoins pose big risks, serve no real purpose, says RBI’s Rabi Sankar
MUMBAI: India needs to be cautious towards stablecoins, as they pose significant macroeconomic risk while serving no purpose that fiat money cannot, the Reserve Bank…